www.aseasonofhappiness.com
Home     Display     HandyHints

REVIEW of Money 01
The Credit-Card Trap

Who would ever shoot themself in the foot? Apparently many of us who have a credit card. It's one of those must-have benefits that often comes back to bite with a vengeance. Of course, it doesn't always cost a fortune, not when you just have to pay the monthly minimum; but if you do, it will take many years to pay for the goods, at the end of which they will have cost three times what they were worth!

The way to make credit cards work for you is to keep purchases below what you can afford to pay each month - and don't forget any interest owed! If you have over-spent in the past, reduce the grand total by paying off the current month, plus a bit more. If you can't afford that, you need to do something. Hide the credit-card, or cut it up! And don't feel this would be losing a best friend - it's just getting rid of one that's costing too much. If you really can't be without it, here are a few tips that will reduce the pain of keeping your card:

* Make a promise to cut back on extravagance.
* Don't buy more than you need.
* Figure out how much you can afford to pay each month and don't exceed it.
* Pay for the current month, and some extra to start reducing the old balance.
* Don't give someone else your card to use.
* Work towards clearing your card, and in future pay it off before the due date.

Then, your plastic Genie will be working for you, and not the other way round.

To read the complete article or download the PDF of Money 01 click here

About     Contact
www.aseasonofhappiness.com

copyright © 2015  All Rights Reserved